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What is the Research and Experimentation (R&E) Tax Credit?

Made a permanent tax credit in the Protecting Americans from Tax Hikes (PATH) Act of 2015, The Research and Experimentation Tax Credit allows businesses and individuals that are innovating, researching, and experimenting in some capacity to incorporate the credit into the tax-planning strategy. This especially benefits start-ups and small businesses. Unfortunately, many businesses overlook this …

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R&D Tax Credit Carryforward: Are You Entitled?

The federal R&D tax credit carryforward is a provision within The Research and Experimentation Tax Credit enacted under the Protecting Americans from Tax Hikes (PATH) Act of 2015. Since the R&D tax credit was introduced, large and small enterprises have benefited. SMEs account for the majority of R&D tax relief because of the generous carryforward provision. If your business has …

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Best Tax Incentives for Minority-Owned Businesses

The most satisfying kinds of business success can sometimes be found in discovering opportunities in systemic problems. And if any businesses certainly need every available advantage when it comes to success, its minority-owned businesses. Federal laws have been created to protect minority businesses and ensure equality in business resource access. Even though minority-owned businesses have …

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Form 7200 Instructions 2021: Step-by-Step Guide

In response to the COVID-19 pandemic, legislation has created a whole new list of compliance requirements for small to medium-size enterprises (SMEs). But staying current and compliant with these legislative measures has been very overwhelming for many businesses. As if dealing with labor shortages, supply chain issues, and hesitant customers wasn’t enough? The government allows …

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Qualified Research Expenses (QRE): A Complete Guide

Innovation and improvement are the lifeblood of business. If companies wish to outperform their competitors, they must offer customers newer and better products and services than those already on the market. But such innovation requires companies to invest in expensive research and development and assume the risk that such R&D may not even produce a …

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